Any law on crowdfunding in India? Gujarat High Court asks while hearing plea by Saket Gokhale against FIR

Justice Hasmukh Suthar observed on Monday that the concept of crowdfunding was new in India and that it could cause chaos if it is not properly regulated.
Saket Gokhale, Gujarat High Court
Saket Gokhale, Gujarat High CourtSaket Gokhale (FB)

Crowdfunding could cause chaos if it is not properly regulated, observed the Gujarat High Court recently while hearing a plea filed by Trinamool Congress (TMC) leader Saket Gokhale against the criminal case registered in 2022 on allegations that he misused money raised via crowdfunding [Saket Suhas Gokhale vs State of Gujarat].

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